Citigroup Layoffs Drive Worker Exodus to Nursing as Healthcare Adds 686,000 Jobs
Citigroup’s recent layoff of finance staff has led former employees like Eric to retrain as nurses shortly after being let go. Healthcare and social services added 686,000 jobs in 2025, with nurse practitioners, anesthetists, and midwives projected to grow 35% next decade and median pay near $132,000.
1. Background on Citigroup Layoffs
Citigroup has cut corporate finance positions, with employees like Eric facing multiple layoffs within a few years. After his April 2024 layoff, Eric enrolled in nursing classes in Florida and is on track to graduate as an RN within months.
2. Healthcare Job Market Growth
The healthcare and social services supersector added 686,000 new positions in 2025, offsetting declines or stagnation in manufacturing and finance. The industry has been the nation’s largest employer by headcount since 2009, driving stable demand for care workers.
3. Nursing Role Projections and Pay
Employment of nurse practitioners, nurse anesthetists, and nurse midwives is expected to rise 35% over the next decade, ranking among the fastest-growing occupations. Median annual pay in these roles is about $132,000, well above the national median wage of $49,500.